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it calls for closing loopholes to raise almost $1 trillion in new tax revenue. closing loopholes on the big corporations, in many cases don't even pay taxes. republicans are already blasting the plan. they support congressman paul ryan's budget proposal which seeks to balance a budget without any new taxes, only spending cuts. it also calls for repealing president obama's healthcare overhaul, something that democrats say, well, frankly, it can't happen. mike emanuel with the news live on capitol hill tonight. it was the democrat's turn. what did they say. >> the white house put out a statement concrete plan boost the economy and reduce deficits. today the chairman of the senate budget committee made her pitch. >> our budget reflects the pro-growth, pro-middle class agenda that the american people went to the polls of in support of in the last election. and i believe it is is a strong and responsible vision for building a foundation for growth and restoring the promise of american opportunity. >> though senator murray and white house like it not clear how senate
it calls for closing loopholes to raise almost $1 trillion in new tax revenue. closing loopholes on the big corporations, in many cases don't even pay taxes. republicans are already blasting the plan. they support congressman paul ryan's budget proposal which seeks to balance a budget without any new taxes, only spending cuts. it also calls for repealing president obama's healthcare overhaul, something that democrats say, well, frankly, it can't happen. mike emanuel with the news live on...
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Mar 14, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> that's it for us, thanks for watching "erin burnett outfront" starts now. >> i would like to pray for the lord so that the prayer of the people blesses also the new pontiff. >> the new pope asked for the people's blessing. good evening, everyone. i'm erin burnett in front of st. patrick's cathedral in new york city. what do we know about the new leader of the world's catholics? we're going to tell you. let's go "outfront." >>> and good evening to all of you. "outfront" tonight, we do have a new pope. argentina's jorge mario bergoglio stepped out on the balcony of the papal residence tonight and greeted 150,000 people and more than a billion others who were watching on television ar
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> that's it for us, thanks for watching "erin burnett outfront" starts now. >> i would like to pray for the lord so that the prayer of the...
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Mar 14, 2013
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the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides okay with the spending and both sides -- democrats-saying something about taxes. but there's $100 billion in there for a new stimulus plan, which i don't know how well that's going to fly. and then ryan keeping in the notion of appealing obamacare has to -- >> move on. >> that's not going to work at least for the next four years. so you keep it in there, maybe it's something you give up during negotiations. i think people watching the show should feel more hopeful, but to your point, the chasm, we're so far away from a deal, something i wouldn't bet on. >> neil: democrats claim their budget will sl
the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but...
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Mar 13, 2013
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cheryl: it would give them the state tax. >> it is not a new tax, just empowering the state's to allow them to collect sales taxes from the retailers who are out-of-state. cheryl: if i am living in mississippi, amazon doesn't have operations in mississippi, we are on fair playing field. unless mississippi levees that tax. >> that is right. when you're in new york and buy something online from out-of-state, you have to pay sales taxes on it. if the retailer doesn't collect it, you have to figure out how to pay it in this legislation would allow a new york to require those out-of-state retailers to collect sales tax for the consumer. cheryl: wouldn't just take it away from the hands of the states and make it one federal law so everybody is equal, everybody pays online sales tax whether mississippi is selling things or my car business in arizona, it is all fair, would that be simpler? >> we are all about simplification. that is what this legislation is about. a philosophical question about a states rights, but from a business standpoint we're simply looking for retailers whether they are
cheryl: it would give them the state tax. >> it is not a new tax, just empowering the state's to allow them to collect sales taxes from the retailers who are out-of-state. cheryl: if i am living in mississippi, amazon doesn't have operations in mississippi, we are on fair playing field. unless mississippi levees that tax. >> that is right. when you're in new york and buy something online from out-of-state, you have to pay sales taxes on it. if the retailer doesn't collect it, you...
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Mar 13, 2013
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and also, how are consumers going to react to increased taxes. so we're really watching out on all these economic numbers for q2. >> you also watch that, but i'm looking up at the transports that are up 102 points. >> 102 points. >> which would confirm the move we're seeing to new all-time highs right now on the dow. >> the only things that concerns me is you're not seeing this explosion in volume at these new highs. now, the s&p hasn't done it yet. maybe if we get through the s&p, all of a sudden there'll be this exposure. you don't feel it yet, but that being said, it's still making a new high, right? >> exactly. >> at least the dow is. s&p is still not. >> if we get a budget agreement, i'm really talking pie in the sky here. but they are talking, at least. if we get a budget agreement, that would have to help the market too, i think. >> and we would probably advise our s&p estimate. >> so what would it take? 10%? you could move it higher. >> exactly. because, ultimately, we'd start seeing the earnings and see the multiple expansions. right now
and also, how are consumers going to react to increased taxes. so we're really watching out on all these economic numbers for q2. >> you also watch that, but i'm looking up at the transports that are up 102 points. >> 102 points. >> which would confirm the move we're seeing to new all-time highs right now on the dow. >> the only things that concerns me is you're not seeing this explosion in volume at these new highs. now, the s&p hasn't done it yet. maybe if we get...
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Mar 13, 2013
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w cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. melissa: breaking news right now. president obama arriving on capitol hill to meet with house rub rub -- republicans. it is the second day in a row the president make as trip to capitol hill. rich edson is live with details. rich, what is going on? >> house republicans collectively, president obama's strongest opponents in washington, d.c. he got here a while ago for the one 30 meeting. this is the first time he will meet with the entire house conference since june of 2011. a awful lot of budget things going on in washington right now. let's walk through what is going on right now. first off, government spending runs out march 27th. house passed a bill. the senate is working on a diffe
w cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. melissa: breaking news right now. president obama arriving on capitol hill to meet with house rub rub -- republicans. it is the second day in a row the president make...
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Mar 21, 2013
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room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call their main office, so to speak,,home, so no one knew where to charge tax. they come down on amazon too. it's no surprise they are coming county on this, are we? >> it's no surprise at all, and especially in this situation. you got an industry that didn't really exist when the taxing statutes were enacted, and so the taxing statutes have terms like travel agency, and that doesn't really fit and hotel operators doesn't fit so you got a taxing statute that has not really kept up with the development of techno
room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call...
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Mar 19, 2013
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think thi
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...
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Mar 13, 2013
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no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year congress. mandy? >> thank you very much for that. and in the meantime we will be watching for speaker john boehner later on in the show. we will toss it over to you in vegas and your very special guest. >> thank you very much. we are pleased to be joined by martha stewart, who needs no introduction but i will give one anyway. thank you very much for joining us here. before i get into retail sales, i will ask about the trial. >> the judge has ordered all parties to mediate. we are working with a mediator right now and we have until april 8th to hopefully come up with a satisfactory solution to this contractual problem. >> i understand there is smoke
no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year congress. mandy? >> thank you very much for that. and in the meantime we will be watching for speaker john boehner later on in the...
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Mar 18, 2013
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 milli
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is...
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Mar 15, 2013
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dagen: colorado's marijuana tax bores issuing recommendations this week. voters approved this measure back in november. we have a former dea administrator and member of the amendment this 64 task force with us. the world you are laying out, is it really to keep the federal, the fed away from the state and keep the dea from and forcing the and federal drug law? >> thank you for having me, first. the primary goal of what we are doing is to allow adult 21 years and older access to regulated and controlled marijuana. obviously the recommendations have been put into account. the concern that our government has expressed about teenage use and the movement of marijuana outside the state of colorado. that was certainly in our minds. the focus was on what the will of the voters was. dagen: these are just rules. ultimately, will this go to a vote, christian, later in the year to decide exactly how the law is implemented? >> there are recommendations that are being given to our legislature. dagen: peter, what you know about these recommendations and these rules laid
dagen: colorado's marijuana tax bores issuing recommendations this week. voters approved this measure back in november. we have a former dea administrator and member of the amendment this 64 task force with us. the world you are laying out, is it really to keep the federal, the fed away from the state and keep the dea from and forcing the and federal drug law? >> thank you for having me, first. the primary goal of what we are doing is to allow adult 21 years and older access to regulated...
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trouble for hundreds of thousands of tax filers. the trouble at h & r block that could delay your dividend. >>> we'll look ahead of the markets for yet another record for the dow. that's ahead in business news. >>> up to 600,000 tax returns issued by h & r block may be delayed. it stems from the form you fill out to get the student tax credit. tax preparers could leave a field blank to indicate a no answer but this year you have to answer an n or the forms and your refund will get delayed. h & r block says people who filed between february 14th and 22nd are affected. you can actually check the status of your return on the irs website under the where's my refund tab. >>> scott mcgrew says seagate just hit a bill big mile tls stone. 2 billion? >> yes. seagate based in scott's valley says it took 40 years to sell the first billion, four years to sell the second billion. seagate trades as stx. it was up 4% after that news on the markets. the dow opened at yet another record high after gaining a few points tuesday. when you're at a recor
trouble for hundreds of thousands of tax filers. the trouble at h & r block that could delay your dividend. >>> we'll look ahead of the markets for yet another record for the dow. that's ahead in business news. >>> up to 600,000 tax returns issued by h & r block may be delayed. it stems from the form you fill out to get the student tax credit. tax preparers could leave a field blank to indicate a no answer but this year you have to answer an n or the forms and your...
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Mar 19, 2013
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this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped off. if you undermine the whole idea of savings, we already have a nationy we're not saving enough for retirement. all we need to do is undermine our financial system as well and it's just disaster on the way. >> neil: i'm not happy. if you don't watch fox business, she's going to come with her best-selling book and force you to read it. >> a fox news alert. the white house easter egg roll is not at risk. why there is an excess warning we're all about to get scrambled most people think that after an accident, you'll have to pay five hundred bucks for your d
this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped...
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Mar 15, 2013
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the liquor industry pays $6 billion per year federal taxes. the sex industry could do the same thing. there will still come. the bunny ranch is world famous. when you have a television show that has been on 11 years on hbo you get pretty famous. gerri: welcome back to "the willis report" live from atlantic city. we are talking the business of vice today. if you are looking to put your hand in gaming stocks in the we have you covered for some of the hottest picks out there. managing director joins me now. thank you for being with us. you're one of the smartest mines read comes to investing in the stocks. i want to start here with atlantic city produce say it is hard to play. >> if you look from a public equity standpoint there is very little exposure. the earnings from caesars, the it's an earnings. otherwise the main gaming companies just don't have a lot of investment, so it is not release an earnings driver for them. gerri: so let's talk about vegas because i think you find that an easier way to get into the marketplace. vegas is still suffe
the liquor industry pays $6 billion per year federal taxes. the sex industry could do the same thing. there will still come. the bunny ranch is world famous. when you have a television show that has been on 11 years on hbo you get pretty famous. gerri: welcome back to "the willis report" live from atlantic city. we are talking the business of vice today. if you are looking to put your hand in gaming stocks in the we have you covered for some of the hottest picks out there. managing...
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, rising gas prices and delayed tax refund checks, a sentiment echoed by the national retail federation. for "nightly business report," i'm courtney reagan. >> as courtney just mentioned, consumers are spending on housing and garden supplies. coming up, we'll take you behind the scenes of the home depot product walk. it's where companies showcase their hottest home items for this spring. >>> chief executives of some of america's biggest companies are optimistic about the u.s. economy, expecting it to grow more than 2% this year. the business roundtable is out with its latest ceo economic outlook index. it rose to a score of 81 in march. now, that was much higher than the previous reading of 65 back in december. anything above the score of 50 indicates economic expansion. another positive, the survey was taken even before the recent run-up in the stock market. now, 72% of those ceos surveyed expect their company sales to rise in the next six months. 38% plan to boost capital spending in that same period, but only 29% of them hire more workers over the next six months. >>> if you're think
, rising gas prices and delayed tax refund checks, a sentiment echoed by the national retail federation. for "nightly business report," i'm courtney reagan. >> as courtney just mentioned, consumers are spending on housing and garden supplies. coming up, we'll take you behind the scenes of the home depot product walk. it's where companies showcase their hottest home items for this spring. >>> chief executives of some of america's biggest companies are optimistic about...
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Mar 14, 2013
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the process is as daunting as doing your taxes, the government application is 15 pages long. it ain't going to be that fast that payments. the online application process has 21 steps, some of those steps have more than one question. the department of health and human services estimates it will take you a half hour to complete the online application. forty-five minutes to fill out the paper version. if your household income has changed over the past year, you'll have to apply based on your latest tax return. and in the same turn, you have to predict what your income will be in 2014. in other words, you must provide loads of documentations. and if you or your spouse decide not to take your employer offered insurance, the questions will be plenty. once you have filled out the forms, the red tape is just getting started. at least three major agencies, including the irs, will have to approve your application. they will check your identity and see if you make the income and citizen content citizenship requirements. they are not going to pretty for the actal benefits. that would be
the process is as daunting as doing your taxes, the government application is 15 pages long. it ain't going to be that fast that payments. the online application process has 21 steps, some of those steps have more than one question. the department of health and human services estimates it will take you a half hour to complete the online application. forty-five minutes to fill out the paper version. if your household income has changed over the past year, you'll have to apply based on your...
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Mar 14, 2013
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there is a distinction between tax avoidance and tax evasion. most of the federal employees, was looking at the numbers, they did file their tax return. they are not trying to evade taxes. so, you know, sometimes there is an honest disagreement, which was the case. so let's be a little bit careful melissa: to me, it always shows me how disorganize the government is. the largest group of workers were from the post office. there were not up-to-date on their taxes. wondering, while one hand as panama can't the other hand, and and garnish their wages, even a little bit to pay the taxes? >> and this is a top down problem. we have a treasury secretary you had back taxes as well and no one seems to be very concerned about. this is a big issue that does not just extends to a certain group of federal workers. i think the interesting thing is that federal employees are by and large paid much more than their private-sector counterparts. the question is to wire we seeing the taxes owed to the government coming back in? think you're right. a lot of abuse of
there is a distinction between tax avoidance and tax evasion. most of the federal employees, was looking at the numbers, they did file their tax return. they are not trying to evade taxes. so, you know, sometimes there is an honest disagreement, which was the case. so let's be a little bit careful melissa: to me, it always shows me how disorganize the government is. the largest group of workers were from the post office. there were not up-to-date on their taxes. wondering, while one hand as...
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Mar 21, 2013
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with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all things i disagree with. they were done within the framework of the law. in this case congress would have acted ahead of time and made it apparent we don't favor anything like this. i think it is a little bit different. melissa: are you worried, are there internal conversations what is going on in cyprus and any spillover you might see around the world? any ensuing global slowdown because just a few hours ago they said they were cutting in half the amount of money that people can take out of the atms. they have had the banks closed for days. they are not reopening them, they say, until next
with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all...
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Mar 14, 2013
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so if raising taxes is not the answer then of course you have to lower spending and today the mayor said that everyone is going to have to give a little. listen. >> bottom line here is that we must stop fighting each other. we must start to work together and so, i'm happy that now i've got teammates. i've got partners that can help me do some of the things that need to be done in our city. >> reporter: of course, if they can't work it out, detroit would likely have to file for bankruptcy, which that would be the largest u.s. city ever to do so, harris. >> harris: you know, part of what we've watched in that city is their own internal politics and workings keeping them from going forward, in some cases. the city council, i understand is not exactly embracing this plan to go forward. >> no, and the city council had threatened to sue and late today decided against that, but the city council president still called the mayor a quitter for agreeing to this plan. i mean, you think about it, the public unions certainly are not happy because a big part of this restructuring, that 14 billion dolla
so if raising taxes is not the answer then of course you have to lower spending and today the mayor said that everyone is going to have to give a little. listen. >> bottom line here is that we must stop fighting each other. we must start to work together and so, i'm happy that now i've got teammates. i've got partners that can help me do some of the things that need to be done in our city. >> reporter: of course, if they can't work it out, detroit would likely have to file for...
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Mar 16, 2013
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some people can agree on one level taxes ought to be at. fundamental disagreements that are fought out in elections. >> you cannot ignore the math. let's be clear about that. >> totally different from the blue smoke and mirror games that are being played by investors. j.p. morgan. other investors. neil: the only thing i will save, and pick up on this point. the difference was that the company quickly seized and acknowledged the mistakes, on up to the mistakes, plus representatives of the company for the mistakes and/or held accountable by shareholders for those mistakes. the shareholderr ultimately are the owners and the company and came back in place their confidence in the way the company handled it. >> epicure exactly right. what congress is doing is ignoring math because we have interest payments that we have to pay every year, just like you have to pay the interest on your mortgage. we have an interest payment, 250 billion per year. ten years looking at nearly a trillion dollars per year just per. 1 trillion. where will we get that? we
some people can agree on one level taxes ought to be at. fundamental disagreements that are fought out in elections. >> you cannot ignore the math. let's be clear about that. >> totally different from the blue smoke and mirror games that are being played by investors. j.p. morgan. other investors. neil: the only thing i will save, and pick up on this point. the difference was that the company quickly seized and acknowledged the mistakes, on up to the mistakes, plus representatives...
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Mar 13, 2013
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, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the hse for democrats, so the president is at least engaged in an operational pause so you can quiet the criticism. >> that is because the last two weeks have not gone well for the president. using all these scare tactics. the american people look at all the waste in the budget and say wait a minute, have to cut the parks rather than get rid of the conferences for wine tasting and things like that. i'm great to see the polls are reflecting that. gerri: i was interested in what paul ryan had to say about his budget. he wrote the
, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the...
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Mar 13, 2013
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lou: disease a tax increase is? >> spending cuts plus tax increases. [laughter] lou: we are out of time. we will bring you back with more than 302nd. >> of afford to it. lou: thanks so much. >> thank you. lou: the book is turnaround. we appreciated.
lou: disease a tax increase is? >> spending cuts plus tax increases. [laughter] lou: we are out of time. we will bring you back with more than 302nd. >> of afford to it. lou: thanks so much. >> thank you. lou: the book is turnaround. we appreciated.
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Mar 14, 2013
03/13
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shaw lieu by closing tax loopholes. doesn't sound nonpartisan. >> kimberly: nothing gets past bolling. >> brian: sounds like a good
shaw lieu by closing tax loopholes. doesn't sound nonpartisan. >> kimberly: nothing gets past bolling. >> brian: sounds like a good
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Mar 14, 2013
03/13
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increase, the start of the year, tax refunds were delayed. gas prices increased very sharply in the month. on top of that the weather map looked like grand central terminal for a snowstorm. lou: iust want to inject, when you say refund's amount of refunds were affected on this, as we understand it. that is just a narrow portion, if you will. still significant. >> there were some delays. that meant refund checks. lou: it was not therises felt we should point out. >> it was the fiscal cliff issue lou: as we look at this, the forecast adjustment, you look at net exports, and that inspired you. >> part of it is net exports. that is a sector that it really carry the economy from the end of the recession up until about middle of last year, and then it dropped off as things fell apart in europe, china growth wobbled, japanese growth looked pretty soft as well. lou: happeni in japan. >> i love it. and more iortantly, the economy looks fantastic. the housing sector continues to skyrocket. lou: don't tell me. >> spending. lou: what they call that? cnbc
increase, the start of the year, tax refunds were delayed. gas prices increased very sharply in the month. on top of that the weather map looked like grand central terminal for a snowstorm. lou: iust want to inject, when you say refund's amount of refunds were affected on this, as we understand it. that is just a narrow portion, if you will. still significant. >> there were some delays. that meant refund checks. lou: it was not therises felt we should point out. >> it was the fiscal...
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Mar 17, 2013
03/13
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i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at slivan radio and all the things to contact us on the web my main webpage which is tomsullivan.com. thanks for joining us. make sure to tune in to the radio show. listen in through our fox news radio app. download it from itunes. you can hear us online by clicking live button on my main website. we or radio every day from 3:00 to 6:00 p.m. eastern time. we'll have another great show weekends. "the willis" report is coming up next. gerri: hello, i'm gerri willis live from the at atlantic city. tonight, new obamacare fees catching employers by surprise. what's in store for your company and why so many firms are fuming. also, it's a whale of a problem for j pmorgan, b did the bank ig
i have seen a lot of tax protestors and they do put them in prison when they don't pay their taxes. yes, people go to jail. i'll let you fight the battle first. thanks to everybody that contacted the show. keep your comments coming in. tom sullivan show, we're open for business 24/7. check out our facebook page, and then tom sullivan show. there is a lot of tom sullivan show, you can follow me on twitter at slivan radio and all the things to contact us on the web my main webpage which is...
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Mar 15, 2013
03/13
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it is income tax? wealth tax? i think if take eps were turned and it was -- tables were turned it was all of a sudden about wealth tax they would have a problem. we have to go back to defining our terms, i think all of these things individually are hard to talk about, it has to be part of okay could if i'm going to give you two nickles, what two nickles are you going to give up. that is the only way we'll get there, a hard road t hoi, our problems is over spending. >> you know, congressman, isn't it time republicans and democrats hold hands jump off the cliff together, and deal with their sacred cow whether it is republicans with defense, likes of senator coburn and others or democrats and en titanium am as nancy pelosi and harry reid have not is there bit of a need for risk taking on both parties part and we're not seeing that. >> there has to be risk taking on spending side. too much of this conversation right now is about taxes, right now it is about what taxes we raise. well we just raised taxes 4 months ago i
it is income tax? wealth tax? i think if take eps were turned and it was -- tables were turned it was all of a sudden about wealth tax they would have a problem. we have to go back to defining our terms, i think all of these things individually are hard to talk about, it has to be part of okay could if i'm going to give you two nickles, what two nickles are you going to give up. that is the only way we'll get there, a hard road t hoi, our problems is over spending. >> you know,...
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Mar 16, 2013
03/13
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levied forbe a tax all deposits in cyprus banks. their russian the but the bailout deal in place before the banks reopen on tuesday. -- they are rushing to put the bailout in place. >> following news of the bailout news, lines formed at the atm try to avoid the levy. this affects everyone with a bank account. those with deposits on the island have to pay the levy between 6.75%-9.9%. program, wepecific found it justified in terms of burden sharing to also involved the depositors. in a levy difference but under $100,000. >> germany have long delayed it endorsing the bailout. now, chancellor angela merkel says she has decided. way, the people responsible for this situation are involved, not just taxpayers in other countries. i think it's good we have taken this step. it's a good step that made our approval for the aid of cyprus much easier. >> the cost of the aid package is now much lower than previously expected, only 10 billion euro. lawmakers in each eurozone country have to give a final stamp of approval. >> the newly elected pope
levied forbe a tax all deposits in cyprus banks. their russian the but the bailout deal in place before the banks reopen on tuesday. -- they are rushing to put the bailout in place. >> following news of the bailout news, lines formed at the atm try to avoid the levy. this affects everyone with a bank account. those with deposits on the island have to pay the levy between 6.75%-9.9%. program, wepecific found it justified in terms of burden sharing to also involved the depositors. in a levy...
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Mar 13, 2013
03/13
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so when you hollow out the base of it property tax owners and still put the property tax owners on the hook, once they have been evicted, you have a bad situation. >> dave, thanks so much for being with us. >> thank you. >>> today's tweet of the day comes from former labor secretary robert reich. federal budget not analogous to a family budget. in fact, when families budget we need to be last resort. ♪ [ laughs ] whoo. ♪ oh. nice! great! [ laughs ] a shot like that calls for a postgame celebration. [ male announcer ] share what you love with who you love. kellogg's frosted flakes. they're gr-r-eat! kellogg's frosted flakes. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. [ sneezes ] you're probably muddling through allergies. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin®
so when you hollow out the base of it property tax owners and still put the property tax owners on the hook, once they have been evicted, you have a bad situation. >> dave, thanks so much for being with us. >> thank you. >>> today's tweet of the day comes from former labor secretary robert reich. federal budget not analogous to a family budget. in fact, when families budget we need to be last resort. ♪ [ laughs ] whoo. ♪ oh. nice! great! [ laughs ] a shot like that...
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Mar 18, 2013
03/13
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn...
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Mar 19, 2013
03/13
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global markets were spooked busy bruise planning to tax investors. >>> "wall street journal" says fbi investigation over possible bribery of chinese officials is unfounded. officials say despite the paper's finding the federal case is open. the bribery allegations are tied to a larger phone hacking scandal that's plagued rupert murdoch which includes dow jones. >>> lululemon toppled after news of a shortage of their yoga pants. a shipment of their trademark fabric made the pants overly sheer. >>> new research finds 57% of u.s. workers have less than $25,000 saved for retirement. five years ago only 49% admitted having so little saved. >> so much for those likes. a new study by coca-cola shows it has no measurable impact on short term sales. >>> click away while you can. "the washington post" is set to start charging for additional content this summer. >> when is a station wagon super cool? when it's a corvette. there's an aerowagon concept returning the 2014 stingray into a hatch back. >>> americans by the millions are filling out their ncaa basketball brackets. and just so you can so
global markets were spooked busy bruise planning to tax investors. >>> "wall street journal" says fbi investigation over possible bribery of chinese officials is unfounded. officials say despite the paper's finding the federal case is open. the bribery allegations are tied to a larger phone hacking scandal that's plagued rupert murdoch which includes dow jones. >>> lululemon toppled after news of a shortage of their yoga pants. a shipment of their trademark fabric...
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Mar 13, 2013
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reform, where we can lower both the income tax and corporate tax, i want to reward productivity, not punish productivity. we have to keep making things and building things and en vating, those -- invo vating, those are companies environment brincompanies that i wantto brih carolina's work force and our tax climate and quality of life, and right to work status, which we've had for a long time, and we're got goiig to change it, is a great retributemen recruitmen. neil: how much do you look at problem that boeing has been having, to get the dreamliner batteries fixed. were you breathing a sigh of relief? >> if you talk about the labor unions, and what the obama administration was doing with that, that is ridiculous. i'll fight with my fellow competitors even in south carolina to protect our right to work stat us in north carolina and my neighbors competing states, that very important. neil: regardless, both and other companies to look to right-to-work states, your own included, that is not disrupted by whatever problem it had? >> no. no, not at all. and the other thing, we have to be ca
reform, where we can lower both the income tax and corporate tax, i want to reward productivity, not punish productivity. we have to keep making things and building things and en vating, those -- invo vating, those are companies environment brincompanies that i wantto brih carolina's work force and our tax climate and quality of life, and right to work status, which we've had for a long time, and we're got goiig to change it, is a great retributemen recruitmen. neil: how much do you look at...
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Mar 15, 2013
03/13
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. >> the president is trying to strike a balance, looking for republicans to agree on higher taxes and getting members of his own party to support deep spending cuts. democratic senator, bob casey, says the president's charm offensive is working, but in the end, congress has to learn to work together. >> i think the prospects are better than they've been, at least in the last 18 months. we have to work hard. >> some senators who met with the president expressed optimism. >> i'm hopeful this conversation was a positive step in that direction. >> the white house says the president will now step back and let congress sort out their differences. tara for cbs news, capitol hill. >>> and the president will be back in the bay area next month for the first time since the campaign. he'll reportedly host a pair of democratic fundraisers in san francisco on april 3 and 4. the white house isn't giving anymore details just yet. >> after more than 16 million tolls, the ride is almost over. but from those who spent much of their lives on the golden gate bridge, only to be replaced by computers. >>> a
. >> the president is trying to strike a balance, looking for republicans to agree on higher taxes and getting members of his own party to support deep spending cuts. democratic senator, bob casey, says the president's charm offensive is working, but in the end, congress has to learn to work together. >> i think the prospects are better than they've been, at least in the last 18 months. we have to work hard. >> some senators who met with the president expressed optimism....
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Mar 16, 2013
03/13
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reform by closing loopholes and special tax breaks for the well off and well connected and using the revenue generated from that to help pay down our deficit. that's the way we should be doing it. that's the way the american people want it done and not just democrats and independents but republicans outside of washington. he is at least hopeful that engaging on this issue with those who say they're interested in finding common ground we might be able to produce a compromise and that would be a good thing for the american economy and a good thing for the american middle class. >> are there any indicators at this juncture there is common ground being found. >> again, i think you saw prior to the president's dinner with a group of republican senators a handful of senators were on the record. republicans saying they would be willing to consider a balanced approach, consider revenue from tax reform, coupled with savings generated with entitlement reform and that's essentially the president's position and what he has put forward in his proposal, so we'll see. the gap is wide. we saw with t
reform by closing loopholes and special tax breaks for the well off and well connected and using the revenue generated from that to help pay down our deficit. that's the way we should be doing it. that's the way the american people want it done and not just democrats and independents but republicans outside of washington. he is at least hopeful that engaging on this issue with those who say they're interested in finding common ground we might be able to produce a compromise and that would be a...
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Mar 21, 2013
03/13
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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Mar 13, 2013
03/13
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code, to protect tax rates. they will do whatever they have to in order to preserve their special interest. so the president has an obligation it reach out to grass roots and to reach out to as many people as we can to participate in our battle for right priorities for the middle class and retiries in this country. >> we have to leave it there. congressman steve israel, thanks for being with us today. >> thanks, andrea. >>> what stories will make the 24 next on "andrea mitchell reports." ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't see
code, to protect tax rates. they will do whatever they have to in order to preserve their special interest. so the president has an obligation it reach out to grass roots and to reach out to as many people as we can to participate in our battle for right priorities for the middle class and retiries in this country. >> we have to leave it there. congressman steve israel, thanks for being with us today. >> thanks, andrea. >>> what stories will make the 24 next on "andrea...
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Mar 20, 2013
03/13
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joing us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lt of global markets yesterday. we should blame -- >> multiple of the gdp. i actual
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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Mar 19, 2013
03/13
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twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
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Mar 19, 2013
03/13
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 18, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >> neil: at it time for our latest edition of "they say, we check." >> year going to mapping our way through this by identifying the lowe's risk detainees and putting them into alternative -- >> sorry, janet, not true. we checked on that. >> several hundred related to sequester but not thousands. >> neil: also not tr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe?...
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Mar 16, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> factor tip of the day. outrage growing in the midwest. the jessica's law sickens me, i love the state and lived here my whole life, but becoming resentment because of the crazy politics, i'm canceling my subscription to the denver post. coloradans wake up and fight back. and villa hills, kentucky, if colorado and hawaii don't pass jessica's law you should call for a tourism boycott, bill. too many innocent people get hurt if i did that, william. the message is getting out and there are many fine vacation destinations in the usa. there's a lot of competition in that area. karen harris, maui, aloha, bill, we need your muscles here, the legislation cares more about pets than children.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> factor tip of the day. outrage growing in the midwest. the jessica's law sickens me, i love the state and lived here my whole life, but becoming resentment...